By Ann Brown
Jay-Z is taking another tech plunge. He has partnered with a VC to launch a fund. The hip-hop mogul has launched Marcy Venture Capital Partners with Roc Nation president Jay Brown and Silicon Valley veteran Larry Marcus of San Francisco-based Walden Venture Capital.
Last year, there had been rumors that Jay-Z would be launching his own VC firm but instead he wound up creating a platform called Arrive to work with early-stage companies.
“Early last year, Axios reported that the Carters were looking to launch their own venture capital fund in partnership with San Francisco-based Sherpa Capital, which had invested in Uber and Airbnb, but the move was put on hold between Roc Nation launching its own startup platform and ‘troubles at Sherpa,’” Black Enterprise reported.
Of course, this is not Jay-Z’s first venture into tech. Besides his music streaming service, Tidal, there have been other ventures. “The rapper-turned-businessman has already backed several startups, including luggage maker Away, private plane company JetSmarter and fintech unicorn Robinhood,” Pitchbook reported.
There has not been any details released on Click here to read entire article